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7digital (AIM: 7DIG), a world leader in digital music solutions from B2B, is pleased to announce that it has signed a long -term contract with Utopia Music AG, a music -wing company. Utopia is a new customer of the company and represents the increasing demand for music data and intelligence services, as the Music-Service platform from 7digital provides access to audio definition data and the global path of various cases of use such as music identification or artists, or broadcasting, and monitoring of copyrights. .
Utopia music for technology and data accounting is found to improve the way the music industry pays royalties. Based on a database of more than 213 billion global databases, the Yutobia platform takes advantage of modern technologies to provide services to help the entire music chain, including creators, marks, publishers and performance rights institutions (“PROS”) improving their data and falling management.
Using the possibilities of the global music database in 7Digital, as well as the current data capabilities in Utopia, Utopia clients will be able to monitor and measure the consumption of copyrights worldwide. Thus, Utopia customers can take advantage of data for faster and more accurate batches than royalties to copyright holders.
Paul Langurthy, CEO of 7digital, said: “It is always exciting to secure a new customer that reflects the competitiveness of our offer. The combination of the technique of tracking the next generation of the next generation, paying payments with a catalog and leading 7DGIGAL perceptions and descriptive data will enable the music to be identified up to 100 million songs all over the world and support the entire industry to earn more money faster, with lower costs. We are also pleased to secure another contract that enables growth and standards as our customer customer needs do. This contract, in addition to that signed so far this year, means that the company has already obtained a 36 % increase in the platform license for 2022 compared to 2021. We are very looking to work with Utopia to support the growth of this service that focuses on the music industry. “
Paul Gathercole, Chief Data Employee, Utopia Musicand He said: “Utopia is on a mission to provide” fair salaries for each play “for the music industry. We will achieve this by providing the infrastructure of systems and payments to enable better music consumption and distribute faster than royalties to creators and rights holders, at a lower cost and errors. To make each number of play, we need To know what is running when and where, and whoever has rights in any specific path – with the capabilities of 7digital for the benefit of all players.